[DUBAI] Persian Gulf banks are set to increase funding to the region's airlines who have placed a record number of plane orders as part of their expansion plans, according to lenders including Novus Aviation Capital.
Airlines will be a strong driver of borrowing this year as they tap financial markets to cover their large capital expenditure requirements, the banks said. The most popular debt instruments may include finance leases, bonds, Syariah-compliant sukuk, Enhanced Equipment Trust Certificates...